Candidate for prime minister Pierre Poilievre announced Saturday that he would
remove the capital gains tax from cryptocurrency donations to registered Canadian charities, according to a press release obtained by The Post Millennial.
"It's time to give people back control of their money," Poilievre said in Saturday's press statement. "It should be just as easy for Canadians to donate cryptocurrency to help out their local animal shelter or food bank as it is to donate stock."
According to the press release, a Poilievre government would "implement the Private Member's Bill proposed by Dan Albas, Member of Parliament for Central Okanagan—Similkameen—Nicola to ensure that cryptocurrencies are treated just like stocks and bonds for the purpose of donations to registered Canadian charities and not subject to capital gains tax."
The move would incentivize charitable giving by those who buy and sell virtual currencies, the press release touts.
Poilievre's support of the measure adds to his policy designed to "give Canadians back control of their money and their lives" by making Canada "the freest country on earth."
"My plan to give Canadians the freedom to use other kinds of money would give people more control of their finances and unleash Canadian generosity," Poilievre continued in the press release over the weekend. "Charities and the people they support should benefit from the power of bitcoin and related technologies."
Poilievre has been famous for his scathing criticism of the Trudeau government on many important issues, from COVID-19 restrictions to energy independence.
Last weekend, Poilievre declared, if elected, that he would unlock the potential of Canada's Arctic as part of a larger plan to end reliance on overseas oil by geting Canadian oil moving through the Port of Churchill in Manitoba.
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